The Kraft Heinz Company (KHC), with a market cap of $33.8 billion, is one of the largest food and beverage companies in the world, formed through the 2015 merger of Kraft Foods Group and H.J. Heinz Company. Headquartered in Pittsburgh and Chicago, KHC operates a diverse portfolio of iconic brands, including Kraft, Heinz, Oscar Mayer, Velveeta, Philadelphia, Capri Sun, and Classico.
Shares of KHC have significantly underperformed the broader market over the past 52 weeks. KHC has dropped 18.9% over this time frame, while the broader S&P 500 Index ($SPX) has gained 16.6%. Moreover, shares of KHC are down 10.6% on a YTD basis, compared to SPX’s 7.8% return.
